Approximately 30% of corporate bosses report increase in digital threats on supply chains

Approximately one-third of business executives have observed a noticeable rise in digital intrusions targeting their logistics networks during the last six-month period, as recently reported digital attacks on major corporations have emphasized this increasing threat to today's organizations.

Online security issues climb worry scales for supply chain executives

Digital security concerns have climbed the ranking of worries for purchasing directors at numerous organizations worldwide across multiple sectors including production, energy and technology, according to latest industry research conducted in September.

High-profile security breaches result in substantial financial losses

Recent cyber attacks at various major businesses have resulted in losses of millions of currency, shifting cyber resilience from being primarily the concern of digital security units to becoming a major concern for senior management and senior leaders.

The nature of worldwide business, the way we view international logistics networks and the digital distribution framework are ever more linked,

stated a leading sector leader.

Geopolitical elements compound distribution anxieties

Earlier this year, purchasing directors were especially worried about geopolitical instability, including ongoing disputes in various parts of the world, along with commercial regulations that weighed on worldwide business.

Nonetheless, digital security risks are now rivalling geopolitical shocks and commercial conflicts as the main risk for members of worldwide commercial organizations.

Research shows broad consequences

The research found that 29% of executives reported that companies within their distribution systems had been compromised by cyber incidents in recent months.

Major car manufacturing consequences

An important car company experienced factory closures and was unable to build automobiles for an entire month, following a digital breach that compelled the organization to shut down computer systems across several international locations.

The economic impact of this four-week production shutdown at the UK's biggest car manufacturer has been calculated at approximately 120 million pounds in foregone income, or £1.7 billion in foregone income, according to expert assessment from a business economics academic.

Latest global incidents

In late September, a major international drinks manufacturer became the latest organization to be forced to halt manufacturing at its local plants following a digital breach.

The organization, which maintains numerous industrial sites in Japan producing beer and other products, stated that its transaction handling functions, along with distribution activities and customer service functions, had been disrupted following a network disruption triggered by the digital intrusion.

Growing interconnectedness creates risks

Companies are increasingly assisted by other organizations. Have disappeared the times of thinking an business as an entity operating in separation.

Recent major cyber-attacks have functioned as a important lesson to organizations to devote funding to robust online protection systems, to secure their internal functions and retain client faith, prompting them to analyze how their distribution systems could become likely focus points for hackers.